Jan. 30 (Bloomberg) -- Alvarion Ltd. advanced the most in
more than 11 years on a newspaper report that the developer of
wireless access solutions is in talks to be sold to a U.S.
company.

The shares rallied 33 percent, the biggest jump since July
2001, to 2.09 shekels at the close in Tel Aviv in 24 times the
three-month average daily volume. The TA-25 benchmark index
dropped 0.8 percent.

Calcalist reported today that talks with the U.S. company
are for a share swap that would value Alvarion at as much as $50
million. Alvarion’s market value rose to 118 million shekels
today ($31.7 million). The company is in talks with potential
investors interested in buying a stake, Chief Financial Officer
Lior Shemesh said on Oct. 2.

Earlier this month Calcalist reported Alvarion is in talks
to sell its WiMax unit to Fortissimo Capital, a Rosh Haayin,
Israel-based private equity fund. The company announced the sale
of a part of its patent portfolio in on Oct. 1 to Wi-LAN Inc.
for $19 million.

The company’s Vice President of Investor Relations Elana
Holzman declined to comment on the Calcalist report when
contacted by Bloomberg today.